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The Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021
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- UK Statutory Instruments
- 2021 No. 484
- PART 13
- Regulation 36
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Monitoring of auctionsU.K.
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36.—(1) By the end of each month, the appointed auction platform must report on the implementation of the auctions it conducted in the preceding month in particular with respect to—
(a)fair and open access;
(b)transparency;
(c)price formation;
(d)technical and operational aspects of the implementation of the contract appointing the auction platform concerned;
(e)the relationship between the auction processes and the secondary market in respect of the information under points (a) to (d);
(f)any evidence of anti-competitive behaviour, market abuse, money laundering, terrorist financing or other criminal activity that the auction platform has been made aware while carrying out its functions pursuant to regulation 23;
(g)any breach of these Regulations of which the auction platform has been made aware while carrying out its functions pursuant to regulation 23 of these Regulations;
(h)follow-up to any information reported under points (a) to (g).
(2) In addition, by 31 January of each year, the auction platform must also provide a summary and an analysis of these monthly reports of the previous year.
(3) The appointed auction platform must provide the reports under paragraph (1) and (2) to the FCA [F1, the auctioneer and the Treasury].
(4) The [F2auctioneer] must—
(a)monitor the implementation of the contracts appointing the auction platforms;
(b)publish the summary reports referred to in paragraph (2) on its website.
(5) The [F3FCA] and appointed auction platform must actively cooperate [F4with the auctioneer and the Treasury] and, upon request, [F5provide the auctioneer or the Treasury] with any information in their possession relating to the auctions, as is reasonably required for the monitoring of the auctions.
Textual Amendments
F1Words in reg. 36(3) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(2)
F2Word in reg. 36(4) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(3)
F3Word in reg. 36(5) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(4)(a)
F4Words in reg. 36(5) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(4)(b)
F5Words in reg. 36(5) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(4)(c)
Commencement Information
I1Reg. 36 in force at 22.4.2021, see reg. 1(2)
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